The Reserve Bank of New Zealand (RBNZ) initiated a 101-day public discussion on their proposed principles and design choices for the country’s digital currency. Nevertheless, it’s important to note that the central bank intends to delve deeper into the matter of issuing a Central Bank Digital Currency (CBDC) in subsequent consultations. The Reserve Bank of … Read more
DOGE surges 4% with Elon Musk tweet amid memecoin frenzy. DeFi regulations could boost DOGE, paving the path to ETF eligibility. Amidst the latest cryptocurrency market downturn causing turmoil for most coins, Dogecoin [DOGE] experienced a slight surge among a handful of alternative coins. After Elon Musk’s latest tweet about dogs, the value of the … Read more
In the initial three months of 2024, the overall funding for Web3 companies experienced a significant surge of 55%, implying that venture capitalists’ enthusiasm towards cryptocurrency has rekindled. The first quarter of 2024 saw a significant surge: A 55% plus upswing in overall investments, as well as a 36% growth in the number of Web3 … Read more
Grayscale Investment, a significant Bitcoin (BTC) investor, has observed a 50% decrease in its physically-backed Bitcoin ETF prior to the upcoming halving event. The amount of Bitcoin held in the Grayscale Bitcoin Trust ETF (GBTC) decreased by approximately 309,610 BTC between its launch on January 11 and an undisclosed subsequent date. Based on GBTC’s information, … Read more
Upbit, a major cryptocurrency exchange based in South Korea, has announced that it will temporarily halt deposits and withdrawals of digital assets valued over 1 million won (equivalent to approximately $721) beginning from a specified date. In reaction to modifications at virtual asset service provider (VASP) Ten&Ten, which handles deposits and withdrawals among the services … Read more
Miners have been investing in more efficient machines to tackle post-halving financial stress. Miners’ sell-offs increased in recent months. As the Bitcoin [BTC] halving approaches within the next three days, attention has turned towards the miners and their financial viability post-event. What next for miners after halving? In the past, miners have experienced a significant … Read more